Bitcoin (BTC)

The US Securities and Exchanges Commission (SEC) has dropped its investigation into Bitcoin layer 2 Stacks and builder Hiro. This news comes right after the SEC stopped looking into Paxos for securities violations for issuing the Binance USD (BUSD) stablecoin this past week. Many are celebrating these developments as the stringent financial regulator is appearing to let crypto projects breathe and not obstruct innovation through securities violation claims. In a letter to the legal counsel...

Bitcoin has recently seen an uptick in demand near a crucial support level, leading to a slight rebound above the 200-day moving average at $59.2K. This price action highlights the potential for a bullish reversal if the price stabilizes above the 200-day moving average. Technical Analysis By Shayan The Daily Chart A detailed analysis of Bitcoin’s daily chart reveals that after a prolonged bearish trend, Bitcoin broke below the 200-day moving average at $59.2K, introducing...

The total inflow to the ten U.S. spot Bitcoin ETFs reached $310 million, or 5,361 BTC, on Friday, July 12. This is the largest inflow to the derivatives products since June 5, according to Farside Investors. Moreover, it is the sixth consecutive day of positive flows, indicating that institutional investors have been buying the bottom of the recent market correction. The total inflow for the past week has topped a billion dollars, and the products have not seen an outflow...

Bitcoin (BTC) is currently at a critical point that could determine whether its price will bottom out or decline further in a correction like that seen in the summer of 2021. While some metrics suggest that the leading crypto asset has reached the bottom of its latest correction, others signal that there could be more bloodshed and pain for market participants. Bitcoin at Pivotal Point CryptoQuant’s latest weekly crypto report says bitcoin’s price may take a little longer to...

According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023. Despite the crackdown, crypto mining and general services are not illegal in the Asian country. Bitcoin Mining Using Stolen Energy Akmal Nasrullah Mohd Nasir, the Deputy Minister for the Energy Transition and Water Transformation docket in Malaysia, noted that between 2018 and 2023,...

US Spot BTC ETFs observed the largest net inflows this week on Friday, recording $310.21 million, according to SoSo Value data. It also marks the largest inflows recorded since June 5, as ETF investors began pulling out of their positions due to selling pressure induced by the German government moving tremendous amounts of bitcoin and Mt. Gox repayment anticipation. Despite bitcoin’s price dropping to prices lesser than what was seen last month, investors are returning to ETFs to buy the...

The German governmental agency Federal Criminal Police Office/Bundeskriminalamt (BKA) has moved all its bitcoin holdings, concluding numerous transactions that added selling pressure on the asset. Arkham Intelligence reveals that the BKA-labelled wallet presently holds 0 bitcoins. Arkham’s X account notified users about its final transaction, “The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service).” It held 50,000 bitcoins...

According to a recent survey by CoinGecko, only about half of investors are actually bullish about the current crypto market. The study, which featured 2,558 people, was conducted over the last two weeks, from June 25 to July 8. Crypto Investors Lead Bullish Outlook The CoinGecko report highlights that 49.3% of crypto participants are still optimistic about the market’s future. This is despite the crypto market’s downward trend following the post-halving rally. Among these...

Ripple’s XRP managed to increase by a whopping 10% in the past 24 hours, pushing past the important $0.5 resistance and also leading the recovery of the broader altcoin sector. As CryptoPotato reported earlier, the entire industry is seeing an uptick, with Bitcoin’s price also increasing toward $59K. But why did XRP’s price suddenly shoot up? Let’s explore some of the possible reasons. Volatility Was Due to XRP’s Price Earlier in July, we reported that a historic pattern was...

Transaction fees on the Bitcoin network have continued to decline months after its latest peak during the halving event. Data from IntoTheBlock shows that fees on the leading crypto network have decreased by 18% this week after dropping 27% from the previous one. The continuous decline has placed Bitcoin fees at their lowest since November 2023. Bitcoin Fees Are Declining Three months ago, Bitcoin recorded the highest transaction fees among all protocols, including Ethereum....